CVS Health Corporation announced its 14th year of dividend growth this week. Photo: Flickr.com/Mike Mozart
Five of nine dividend growth stocks that I track announced dividend increases this week. Among the announcements, CVS Health led the way with a 18% increase. Investment manager Franklin Resources also announced a double-digit increase, raising its annual dividend to 80 cents. REIT Realty Income Corporation continued its monthly payout and announced a small increase to $2.43 a year. Read on for the details….
S&P 500 Dividend Aristocrats
Industry: Healthcare – Medical Instruments
Dividend Payment: 26 cents per share
Dividend Paid On: 2/3/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/19/2017
Number of Years of Dividend Increases: 46
Current Forward Yield: 0.47%
Franklin Resources, Inc. (BEN)
Industry: Financial – Asset Management
Dividend Payment: 20 cents per share – up 11.1% from prior level of 16 cents
Dividend Paid On: 1/13/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/28
Number of Years of Dividend Increases: 35
Current Forward Yield: 2.04%
S&P 500 High Yield Dividend Aristocrats
Industry: REIT – Residential
Dividend Payment: $1.60 per share
Dividend Paid On: 1/17/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/28
Number of Years of Dividend Increases: 23
Current Forward Yield: 2.82%
John Wiley & Sons, Inc. (JW-A)
Industry: Business Services – Publishing
Dividend Payment: 31 cents per share
Dividend Paid On: 1/13/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/22
Number of Years of Dividend Increases: 24
Current Forward Yield: 2.24%
Industry: REIT
Dividend Payment: 20.25 cents per share – up 0.2% from prior level of 20.2 cents
Dividend Paid On: 1/13/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/29
Number of Years of Dividend Increases: 23
Current Forward Yield: 4.38%
SEI Investments Company (SEIC)
Industry: Financial – Asset Management
Dividend Payment: 28 cents per share – up 7.7% from prior level of 26 cents
Dividend Paid On: 1/6/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 12/22
Number of Years of Dividend Increases: 26
Current Forward Yield: 1.15%
West Pharmaceutical Services (WST)
Industry: Healthcare – Medical Instruments
Dividend Payment: 13 cents per share
Dividend Paid On: 2/1/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/13/2017
Number of Years of Dividend Increases: 25
Current Forward Yield: 0.61%
Other Notable Dividend Increase Announcements
Industry: Business Services
Dividend Payment: 17 cents per share – up 3.0% from prior level of 16.5 cents
Dividend Paid On: 2/6/2017
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): 1/3/2017
Number of Years of Dividend Increases: 51
Current Forward Yield: 1.70%
Industry: Healthcare
Dividend Payment: 50 cents per share – up 17.6% from prior level of 42.5 cents
Dividend Paid On: TBD
Stock Goes Ex-Dividend (own the stock before this date to collect the dividend): TBD
Number of Years of Dividend Increases: 14
Current Forward Yield: 2.51%
Next Week’s Ex-Dividend Stocks
Tuesday, December 20:
None.
Wednesday, December 21:
None.
Thursday, December 22:
SEI Investments Company (SEIC)
John Wiley & Sons, Inc. (JW-A)
Friday, December 23:
None.
Monday, December 26:
Christmas Day Observed – Markets Closed